$FSLY Fastly Inc Deep Dive and 2024 Outlook

After an attempted breakout, the content delivery network is at an all time low

Fastly is an American cloud computing services provider that offers a content delivery network (CDN), image optimization, video and streaming, cloud security, and load balancing services. The company was founded in 2011 by Artur Bergman and a team of developers, to build a more reliable and performant edge cloud platform.

Fastly's edge cloud platform is built on top of the Varnish web application accelerator. It is designed to help developers extend their core cloud infrastructure to the network’s edge, closer to users. This allows Fastly to deliver content and applications faster and more securely by processing requests at the edge, rather than routing all traffic through centralized data centers. Fastly's customers include a wide range of industries, from digital publishing and media to e-commerce and financial services.

The big questions for Fastly in 2024?

1. How will Fastly manage pricing pressure from its top customers, which could impact revenue growth and stability?

2. Will the company be able to maintain its pricing and volume increases despite these challenges?

3. How will the company's financial performance and guidance evolve over the year?

4. How will the company address the slight uptick in customer churn and the need for revised sales strategies?